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Ambassador's Girls Scholarship Program, Namibia

The AGSP has also been a catalyst for mobilizing private sector to support orphans and vulnerable children's education in Namibia. Standard Bank has extended its funding to AGSP beneficiaries by supporting them through grade 12.

Ambassador's Girls Scholarship Program, Namibia

The partnership aims to expand the reach of this program to empower additional orphaned and vulnerable Namibian learners to take control of their futures, by staying in school, performing well in school and reaching the goal of graduation. The objective of this partnership is to assist scholars to obtain education in grades 8-12. Standard Bank Namibia has provided $1,371,603 to date towards scholarships for 1,966 girls and boys who are currently in the AGSP to further their education in Grades 8 and 12. USAID supports scholarships for Grades 1 through 7, which currently equates to 503 students.

Partners

USAID is the lead U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.

U.S. foreign assistance has...

USAID is the lead U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.

U.S. foreign assistance has always had the twofold purpose of furthering America's interests while improving lives in the developing world. USAID carries out U.S. foreign policy by promoting broad-scale human progress at the same time it expands stable, free societies, creates markets and trade partners for the United States, and fosters good will abroad.

Spending less than 1 percent of the total federal budget, USAID works in over 100 countries to:

Promote broadly shared economic prosperity;

Strengthen democracy and good governance;

Protect human rights;

Improve global health,

Advance food security and agriculture;

Improve environmental sustainability;

Further education;

Help societies prevent and recover from conflicts; and

Provide humanitarian assistance in the wake of natural and man-made disasters.

Standard Bank has a 150 year history in South Africa and started building a franchise in the Rest of Africa in the early 1990s. We currently operate in 18 countries on the African continent,...

Standard Bank has a 150 year history in South Africa and started building a franchise in the Rest of Africa in the early 1990s. We currently operate in 18 countries on the African continent, including South Africa, as well as in other selected emerging markets.

Our strategy is to build the leading African financial services organisation using all our competitive advantages to the full. We will also connect other selected emerging markets to Africa and to each other, applying our sector expertise, particularly in natural resources, globally. Our key differentiator is people who are passionate about our strategy wherever in the world they are based.

We organise ourselves as three business units but present ourselves as one. Our three main pillars of business are Personal & Business Banking, Corporate & Investment Banking, and Wealth – Liberty.

We employ approximately 49 000 people (including Liberty) across all geographies. Standard Bank’s market capitalisation at 31 December 2012 was R191 billion (approximately $23 billion). Standard Bank has 1248 branches, including loan centres, and 8464 ATMs on the African continent.

The strategic partnership of the two largest banks in Africa and China, Standard Bank Group and the Industrial and Commercial Bank of China (ICBC took a 20% stake in Standard Bank Group in 2008), will continue to generate significant cooperation benefits.

Corporate social investments(CSI)

Our CSI initiatives are aimed at achieving and sustaining positive social development of the communities we operate in. Through various community interventions, our effective community re-investment will further reinforce our values and achieve our business objectives.

Standard Bank Group's Corporate Social Investment expenditure is funded by the annual allocation of not less than one percent of prior year after-tax income from its South African operations. Of this allocation, at least half a percent is specifically committed to programmes in terms of the charter and it excludes sponsorships and employee involvement initiatives.

Key Information

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